Portugal: Electronic Tax Requirements
Portugal has adjusted its tax calendar to make it easier to meet the requirements set by the TA - Autoridade Tributária e Aduaneira. The deadlines have been extended, but we need to be aware of the new deadlines because new rules for electronic invoicing and the SAF-T declaration of accounting will go into effect.
New obligations to comply with electronic tax requirements in Portugal
As of January 1th 2022:
- Relevant Invoices and tax documents must include the QR Code.
As of January 1th 2023:
- Relevant Invoices and tax documents must include the document code ATCUD.
Beginning January 1, 2024:
- As of December 31, 2023, electronic and PDF invoices must include a digital signature to be considered valid. Therefore, companies that choose to invoice electronically must have a system in place that verifies the authenticity of the document.
To include the ATCUD and the QR code it is necessary to have a software solution certified by the Autoridade Tributária e Aduanera (AT) and to receive the validation code sent by the tax authority.
Mass adoption of the electronic invoice for B2G transactions
Implementation of electronic invoicing in B2G relations. Starting 2021 and 2022, all large, medium, small, and micro companies supplying the Portuguese public administration have been obligated to use electronic invoicing.
In 2025, the declaration of the SAF-T accounting document will be mandatory
The SAFT-PT accounting document is a file in the Standard Audit File for Tax format, an international standard used to exchange accounting and tax information with an external auditor. Private and public companies with commercial, agricultural, or industrial profiles that operate in Portuguese territory must work with this document.
Accounting systems must register information to generate the SAFT-PT electronic accounting file. This declaration conducted monthly or annually must include article, client and supplier catalogues and VAT regimes, as well as the chart of accounts and accounting books.
The SAFT-PT file’s purpose is to facilitate the declaration of simplified commercial information and the annual tax and accounting declaration through electronic means.
Companies must have an electronic system to conduct the SAFT-PT accounting declaration process to the AT.
EDICOM helping companies digitalize
If your company has not started to adapt now is the best moment to review the new obligations and begin looking for the best solutions. Not doing so can put your company at the risk of non-compliance with tax obligations.
EDICOM has solutions to guarantee a VAT compliance and advance with the implementation of the electronic invoice.
EDICOM’s Global VAT Platform is a B2B2G electronic communication software based on EDI (Electronic Data Interchange). EDICOM’s solution in Portugal is certified by the Portuguese tax authority as an e-invoicing software.
EDICOM’s solution integrates with our clients’ ERP enabling them to create, issue, send, receive and archive any tax documents required by the AT automatically.
EDICOM is also a Trust Service Provider under the eIDAS Regulation, which guaranteed security and reliability of our digital signature services. Thanks to the certification for the preservation of qualified digital seals we provide a long-term archiving solution that maintains your documents’ integrity and gives them evidential value.
Digitalization also carries important benefits: environmental, resource optimization, tax avoidance reduction, and many others. Creating a system that adapts to the necessities of the modern business environment requires a company that can quickly adapt. Therefore, EDICOM guarantees that our solutions will be continuously updated to always comply with new legal and technical requirements.